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South Charlotte Ballantyne in 28277- Homes For Sale

April 1st, 2009 Listed Under: Ballantyne, Charlotte Homes for Sale, Community Reports

Homes  Sold, Homes for Sale, 1st Quarter Market Report: Ballantyne

Ballantyne,  Ballantyne Country Club and Ballantyne Resort fill the center of the rapidly growing Ballantyne area- home to  great restaurants, a large business district, and convenient to the rest of south Charlotte. I went to a meeting there  today and in the center court of 3 mid-sized buildings, was a putting green. Perfect.

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The median Sold cost per square foot on the 8 homes was $154.00.  Ballantyne has several sub markets- on the golf course gets a premium of course.

Total Bedrooms Total Baths Street Name Total HLA Range Original List Date Listing Date List Price Sales Price Cost /sf %Sale/List
5 6 Ney Manor 6733 02/20/2009 02/20/2009 1099000 900000 133.67 81.89
4 5 James Jack 4451 01/03/2009 01/03/2009 699900 646000 145.14 92.3
5 4 Ballantyne Crossing 3791 10/01/2008 10/01/2008 599900 572450 151 95.42
4 5 Jockeys Ridge 4267 10/15/2008 10/15/2008 698000 660000 154.68 94.56
5 6 McCullers 7010 03/28/2008 03/28/2008 1499000 1240000 176.89 82.72
5 4 Ballantyne Crossing 5288 10/27/2008 10/27/2008 1039500 955500 180.69 91.92
5 6 Catherines Mine 5300 11/12/2008 11/12/2008 1149500 1100000 207.55 95.69

Ballantyne Homes For Sale

In the 1st quarter, 41 new listings came on the market, bringing to a total to 57 homes for sale, from $514,900 to $3.2M, of these:

There were 18 homes for sale for under $750,000

There were 21 homes for sale for under $1M, but more than $750K

There were 18 homes for sale for over$1M, and 6 homes are listed above $1.5M

Absorption numbers don’t make too much sense because January and February are such low sales months normally. Obviously it is a strong buyers market.

Home Prices show Strength in Ballantyne

Homes  sold were off 30%, prices 1% comparing 1st quarter 2009 to 1st quarter 2008.

Average cost per square foot sold in 2008, was $205.00. In 2009, it was $203. Minor.

This report is a simple summary of the comprehensive price analysis provided to our clients.  Knowledge is power and a great strength in any negotiation.  This is what I bring to bear in negotiations for our clients.

Skilled Buyer Agents make great deals happen.

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified